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Gold/Mining/Energy : KITCO - Gold discussion -- Ignore unavailable to you. Want to Upgrade?


To: kitkat who wrote (285)9/24/1999 2:44:00 PM
From: campe  Respond to of 989
 
kitcat,
I'm new to gold, assay reports, etc. Can you please comment on this PR or the credentials of Michael J. Bradshaw, Geological Engineer and Member of the Society of Mining Engineers at AU Consolidated, Inc., of Wilcox, Arizona?

thanks,

GJC

----------------------------------------------------------------

biz.yahoo.com

Wednesday September 22, 8:21 am Eastern Time

Company Press Release

Corporate Vision Inc. Subsidiary Announces Gold Assay Results
Exceed Expectations

TULSA, Okla.--(BUSINESS WIRE)--Sept. 22, 1999--CVI Resources, Inc. a wholly owned subsidiary of Corporate Vision, Inc.(OTC BB: ''CVIA'') announced today CVI Resources Inc. has received a Proven and Potential Reserve Report on the Vision One placer gold claims Located in Southern Utah.

The report, prepared by Michael J. Bradshaw, Geological Engineer and Member of the Society of Mining Engineers at AU Consolidated, Inc., of Wilcox, Arizona, cites the following:

Multiple assays of site ore samples taken across and within the ore body have ranged up to 26.7 grams (.85 ounces) of gold per ton. Proven Reserves on the initial 25 Acres evaluated today, total 1,331,000 tons. Using a conservative assay value of .236 oz/ton, this represents 314,116 ounces of recoverable gold. ''This equates to $78,529,500 of Proven Reserves with gold valued at $250 per ounce. '' After deducting anticipated recovery costs of $100 per ounce (placer gold recovery operations are far less expensive when compared to hard rock mining counterparts) and other mineral interests payable, CVI Resources net share ''will return $19,789,524 to CVI Resources.''

Mr. Bradshaw goes on to say that ''Possible Reserves'' on the balance of the 640 acres of CVI Resources, Inc. Placer Claims may total as high as 6,534,000 short tons, and if assigned the same assay value as on the first 25 acres, may total $385,506,000 in possible additional recoverable gold reserves. ''It is very clear that CVI Resources has located and defined a viable mining project with great potential'' is Mr. Bradshaw's concluding comment on this report.

CVI Resources President Craig Treiber, further reports that a pilot plant capable of full year operation is presently under construction on site. Gold recovery operations may be able to be commenced as soon as 30 to 45 days, subject to timely equipment delivery and any weather related delays.

Please Contact CVI Resources at 918/307-2243 for additional information

Contact:

CVI Resources, Tulsa
918/307-2243




To: kitkat who wrote (285)9/24/1999 2:49:00 PM
From: grampa  Read Replies (1) | Respond to of 989
 
I'm a Netscape user and AM having the same problem.



To: kitkat who wrote (285)9/24/1999 7:26:00 PM
From: Andrew  Respond to of 989
 
I was and am using Netscape version 4.05 -- still can't connect. I tried ping again and got "request timed out" 4 times (takes about 4 seconds to go through the ping process, whereas trying to load the site takes 30-40 seconds to give up).

When I "ping www.kitcomm.com" I get 4 copies of the following:
Reply from 207.96.251.131: bytes=32 time=122ms TTL=114
t[e time figure ranges from ~120 to ~180]

I was able to go to the comp.nus.edu.sg site (but it took a real long time).

p.s. I was unsuccessful when I tried to open the site this morning at 5:30 am Central, so I'm thinking congestion might not be the problem.